NYU Langone Medical Center Receives $100 Million Gift to Establish Neuroscience Institute

Mrs. Druckenmiller noted, "Under the leadership of Ken Langone and Bob Grossman, NYU Langone Medical Center has been revitalized and they have laid a new foundation for significant advances in research and clinical care. It gives us immense pride to support the Medical Center by helping to establish an institute dedicated to advancing new treatments in neuroscience."

This gift is the latest milestone in a multi-year transformation of the Medical Center being led by Dr. Grossman and his leadership team. NYU Langone Medical Center announced four historic 9-figure gifts in a 15-month period and believes it is the only nonprofit organization in the United States to have done so. In 2008, the Medical Center raised $506 million—believed to be the largest amount raised by any academic medical center in a 12-month-period—and has raised nearly $700 million in less than two years.

"NYU is deeply grateful to the Druckenmillers for their enormous generosity," said John Sexton, president of NYU. "Their gift validates the faith we have in the direction set by leadership of NYU Langone Medical Center and in the outstanding quality of its research, care and education. Gifts such as this—generous in scope, strategic in outlook, discerning in application—are vital to achieving the ambitions we all share for setting a new level of excellence at the Medical Center."

"In a time of such economic uncertainty we are inspired by the many donors who are committed to supporting the transformation of our Medical Center into the world-class institution it aspires to be," said Robert Berne, senior vice president for health at NYU. "Our supporters have been incredibly generous, understanding that in difficult times the need for philanthropic endeavors increases as the needs of the community become more complex."